PakGazette – The mysterious creator of PakGazette, Satoshi Nakamoto, continues to inspire the cryptocurrency community even several years after Bitcoin was launched and the creator of BTC left the scene.
Bitcoin historian Pete Rizzo recently shared on fashion”.
“Satoshi Nakamoto on Bitcoin when the price was $0, exactly 16 years ago. Legendary,” Rizzo wrote, highlighting the Bitcoin creator’s statement.
This comment came days after the launch of Bitcoin and its first transaction. On January 3, 2009, Satoshi Nakamoto mined the first block of the Bitcoin blockchain, known as the Genesis Block. On January 12, 2009, Satoshi Nakamoto sent 10 BTC to computer scientist Hal Finney in the first peer-to-peer Bitcoin transaction.
Many in the cryptocurrency world believe that Satoshi’s suggestion to “get some in case it catches on” was prescient. Bitcoin has not only gained popularity but has also established itself as a cornerstone of the cryptocurrency sector over the past 16 years.
Bitcoin was worth $0 at the time, but its value has since increased. At the time of writing, Bitcoin was trading at $99,332, having reached an all-time high of $108,268 on December 17, 2024. Bitcoin has a current market valuation of $1.96 trillion, having reached $2 trillion dollars in December.
Sixteen years later, Satoshi Nakamoto’s words and vision remain relevant, demonstrating the timeless nature of these ideas and the growing influence of Bitcoin.
Bitcoin recovers $100,000
Bitcoin hit $100,000 after posting its biggest rise of the year on the back of reassuring U.S. inflation data, which boosted global markets by reigniting bets on further interest rate cuts from the Federal Reserve.
The digital asset touched the six-figure threshold early in the session on Thursday, reaching highs of $100,880 and maintaining a rise of more than 3% driven by data from the Bureau of Labor Statistics from the previous day.
The report pointing to falling underlying consumer prices revived bets on another Fed rate cut in July, boosting stocks and cryptocurrencies.
